At the Annual General Meeting of ALSO Holding AG (SIX: ALSN), held in Lucerne, Switzerland on March 21, 2017, the shareholders approved the Annual Report 2016 and formally granted the Board of Directors and Group Management discharge for their activities. The shareholders also approved the compensation report for fiscal year 2016 in a non-binding advisory vote. With “Spreading Knowledge”, ALSO published the world’s first annual report enhanced with Virtual Reality (VR) and Augmented Reality (AR) elements.
The shareholders approved the profit distribution proposal to receive CHF 2.25 per registered share from the capital contribution reserves (previous year CHF 1.90). The retained profit of CHF 227.0 million is being carried forward to the new account. The distribution from capital contribution reserves will be paid out from March 27, 2017 and is not subject to Swiss withholding tax or income tax for individuals resident in Switzerland who hold their shares as private assets.
The shareholders also approved for fiscal year 2017 the maximum amount of compensation for members of the Board of Directors, as well as the maximum amount of fixed and variable compensation for members of Group Management.
Moreover, the assembled shareholders also approved the Board of Directors’ proposal to extend the authorization to increase the share capital by a new period of two years. The remainder of Article 2a concerning authorized capital in the Articles of Incorporation remains unchanged.
The General Meeting reelected the former members of the Board of Directors, Peter Athanas, Walter P.J. Droege, Karl Hofstetter, Rudolf Marty, Frank Tanski, Ernest-W. Droege and Gustavo Möller-Hergt. The shareholders approved the reelection of Gustavo Möller-Hergt as Chairman of the Board of Directors. Peter Athanas, Walter P.J. Droege, and Frank Tanski were again elected members of the Compensation Committee, and Dr. iur. Adrian von Segesser, Attorney at Law and Notary Public, Lucerne, Switzerland, was appointed Independent Proxy. The term of office for all individuals runs until closure of the next annual general meeting.
The shareholders also elected PricewaterhouseCoopers AG, Lucerne, Switzerland, as statutory auditor of the company for fiscal year 2017.
For media inquiries: